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Complete financial analysis of Magellan Midstream Partners, L.P. (MMP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Magellan Midstream Partners, L.P., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Magellan Midstream Partners, L.P. (MMP)
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.20B | 2.73B | 2.43B | 2.73B | 2.83B | 2.51B | 2.21B | 2.19B | 2.30B | 1.90B | 1.77B | 1.75B | 1.56B | 1.01B | 1.21B | 1.32B | 1.22B | 485.16M | 695.37M | 485.16M | 434.48M | 86.05M | 72.49M |
| Cost of Revenue | 1.41B | 1.01B | 772.39M | 865.41M | 969.39M | 832.25M | 671.48M | 614.09M | 756.33M | 720.26M | 785.12M | 1.01B | 950.80M | 537.93M | 702.30M | 885.51M | 849.87M | 264.52M | 432.67M | 264.52M | 63.98M | 37.31M | 0.00 |
| Gross Profit | 1.79B | 1.73B | 1.66B | 1.86B | 1.86B | 1.68B | 1.53B | 1.57B | 1.55B | 1.18B | 986.95M | 735.98M | 606.65M | 476.25M | 510.49M | 432.61M | 373.69M | 220.64M | 262.71M | 220.64M | 370.50M | 48.74M | 72.49M |
| Gross Profit Ratio | 55.87% | 63.12% | 68.19% | 68.28% | 65.70% | 66.81% | 69.55% | 71.94% | 67.17% | 62.04% | 55.69% | 42.09% | 38.95% | 46.96% | 42.09% | 32.82% | 30.54% | 45.48% | 37.78% | 45.48% | 85.27% | 56.64% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 240.70M | 206.30M | 173.48M | 196.65M | 194.28M | 165.72M | 147.82M | 151.33M | 148.29M | 132.50M | 109.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 240.70M | 206.30M | 173.48M | 196.65M | 194.28M | 165.72M | 147.82M | 151.33M | 148.29M | 132.50M | 109.40M | 98.67M | 95.32M | 84.05M | 70.44M | 72.59M | 67.11M | 59.12M | 57.06M | 59.12M | 198.33M | 8.96M | 11.96M |
| Other Expenses | 586.80M | 566.90M | 601.26M | 631.11M | -13.87M | -4.14M | 36.35M | 1.02M | -8.57M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 827.50M | 773.20M | 774.74M | 827.76M | 843.72M | 743.70M | 677.57M | 677.23M | 592.56M | 478.57M | 437.86M | 219.85M | 203.98M | 181.27M | 141.59M | 136.38M | 127.96M | 95.20M | 98.90M | 95.20M | 233.42M | 20.70M | 54.79M |
| Cost & Expenses | 2.24B | 1.78B | 1.55B | 1.69B | 1.81B | 1.58B | 1.35B | 1.29B | 1.35B | 1.20B | 1.22B | 1.23B | 1.15B | 719.19M | 843.88M | 1.02B | 977.83M | 359.72M | 531.57M | 359.72M | 297.41M | 58.02M | 54.79M |
| Interest Income | 1.20M | 500.00K | 1.04M | 3.29M | 3.01M | 1.42M | 1.40M | 1.28M | 1.54M | 342.00K | 107.00K | 61.00K | 140.00K | 660.00K | 1.48M | 1.77M | 2.10M | 2.06M | 2.46M | 2.06M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 228.00M | 226.40M | 222.86M | 201.84M | 203.52M | 195.13M | 166.81M | 144.45M | 120.73M | 116.12M | 111.79M | 105.70M | 192.76M | 70.96M | 51.95M | 52.81M | 55.11M | 36.60M | 37.89M | 36.60M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 292.80M | 227.90M | 258.68M | 246.13M | 265.08M | 196.63M | 178.14M | 166.81M | 161.74M | 142.23M | 128.01M | 123.01M | 110.07M | 97.22M | 71.15M | 63.79M | 60.85M | 56.31M | 41.85M | 36.08M | 45.05M | 11.75M | 9.33M |
| EBITDA | 1.09B | 1.09B | 1.03B | 1.20B | 1.18B | 1.05B | 972.80M | 965.91M | 964.87M | 702.97M | 550.08M | 645.97M | 613.63M | 396.29M | 445.60M | 365.82M | 312.00M | 183.81M | 209.71M | 163.59M | 180.01M | 38.73M | 27.07M |
| EBITDA Ratio | 34.03% | 39.74% | 42.42% | 43.81% | 41.88% | 41.87% | 44.11% | 44.14% | 41.88% | 37.05% | 31.04% | 36.94% | 39.40% | 39.07% | 36.74% | 27.75% | 25.50% | 37.89% | 30.16% | 33.72% | 41.43% | 45.00% | 37.35% |
| Operating Income | 796.20M | 858.10M | 771.20M | 949.03M | 1.19B | 1.05B | 935.05M | 963.62M | 974.23M | 705.06M | 552.06M | 522.90M | 408.40M | 294.98M | 399.46M | 300.26M | 249.05M | 125.44M | 165.41M | 125.44M | 137.07M | 28.04M | 17.71M |
| Operating Income Ratio | 24.88% | 31.40% | 31.77% | 34.79% | 42.26% | 41.98% | 42.40% | 44.03% | 42.29% | 37.16% | 31.15% | 29.90% | 26.22% | 29.09% | 32.94% | 22.78% | 20.35% | 25.86% | 23.79% | 25.86% | 31.55% | 32.58% | 24.43% |
| Total Other Income/Expenses | -246.20M | -171.80M | -214.10M | -181.42M | 139.42M | -179.35M | -129.06M | -142.16M | -130.09M | -118.21M | -113.77M | -107.47M | -95.45M | -66.84M | -50.86M | -55.90M | -56.33M | 34.04M | -55.21M | -37.27M | -29.60M | -6.10M | -12.86M |
| Income Before Tax | 861.90M | 934.60M | 819.90M | 1.02B | 1.33B | 873.36M | 805.99M | 821.46M | 844.14M | 586.85M | 438.29M | 415.43M | 312.95M | 228.14M | 348.60M | 244.36M | 192.73M | 88.17M | 110.20M | 88.17M | 107.48M | 21.93M | 4.85M |
| Income Before Tax Ratio | 26.93% | 34.20% | 33.77% | 37.48% | 47.19% | 34.83% | 36.55% | 37.54% | 36.64% | 30.93% | 24.73% | 23.76% | 20.09% | 22.49% | 28.74% | 18.54% | 15.75% | 18.17% | 15.85% | 18.17% | 24.74% | 25.49% | 6.69% |
| Income Tax Expense | 2.70M | 2.30M | 2.93M | 1.44M | 71.00K | 3.83M | 3.22M | 2.34M | 4.62M | 4.61M | 2.62M | 1.87M | 1.37M | 1.66M | 1.99M | 1.57M | 58.43M | 36.60M | 39.50M | 36.60M | 8.32M | 187.00K | 1.84M |
| Net Income | 1.04B | 982.00M | 816.97M | 1.02B | 1.33B | 869.53M | 802.77M | 819.12M | 839.52M | 582.24M | 435.67M | 413.63M | 311.98M | 126.75M | 346.61M | 242.79M | 192.73M | 88.17M | 110.20M | 88.17M | 99.15M | 21.75M | 3.01M |
| Net Income Ratio | 32.38% | 35.93% | 33.65% | 37.42% | 47.19% | 34.67% | 36.40% | 37.43% | 36.44% | 30.68% | 24.59% | 23.65% | 20.03% | 12.50% | 28.58% | 18.42% | 15.75% | 18.17% | 15.85% | 18.17% | 22.82% | 25.27% | 4.15% |
| EPS | 4.95 | 4.47 | 3.62 | 4.46 | 5.84 | 3.81 | 3.52 | 3.60 | 3.69 | 2.57 | 1.92 | 1.83 | 1.42 | 1.11 | 0.70 | 0.49 | 1.12 | 1.02 | 0.86 | 1.02 | 0.92 | 0.47 | 0.16 |
| EPS Diluted | 4.95 | 4.47 | 3.62 | 4.46 | 5.84 | 3.81 | 3.52 | 3.59 | 3.69 | 2.56 | 1.92 | 1.83 | 1.42 | 1.11 | 0.70 | 0.49 | 1.12 | 1.01 | 0.86 | 1.01 | 0.92 | 0.47 | 0.16 |
| Weighted Avg Shares Out | 209.40M | 219.60M | 225.50M | 228.70M | 228.38M | 228.18M | 227.93M | 227.55M | 227.26M | 226.83M | 226.37M | 225.67M | 218.97M | 114.23M | 125.31M | 125.30M | 132.72M | 132.72M | 117.43M | 132.72M | 87.64M | 45.44M | 18.39M |
| Weighted Avg Shares Out (Dil) | 209.60M | 219.80M | 225.50M | 228.80M | 228.57M | 228.34M | 228.06M | 227.89M | 227.63M | 227.09M | 226.61M | 225.97M | 219.12M | 114.29M | 125.31M | 125.30M | 133.23M | 133.25M | 117.69M | 133.25M | 87.87M | 45.48M | 18.39M |
Magellan (MMP) Q2 Earnings & Revenues Outpace Estimates
Magellan Midstream Urges Unitholders to Vote "FOR" ONEOK Merger in Advance of Sept. 21 Special Meeting
Magellan Midstream to Participate in VettaFi Virtual Investor Discussion
Magellan Midstream: Overvalued, But Hold For Solid Dividend Yield
Is Magellan Midstream Partners Stock a Buy?
Magellan Midstream Partners LP (MMP) Q2 2023 Earnings Call Transcript
Magellan Midstream (MMP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Magellan Midstream Reports Second-Quarter 2023 Earnings
Magellan Midstream Declares Cash Distribution of $1.0475 for Second Quarter 2023
MAGELLAN MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Magellan Midstream Partners, L.P. - MMP
Source: https://incomestatements.info
Category: Stock Reports